The Need and Importance of Ecommerce Applications

There are several things that any business must look after. While there may be dedicated personnel for each task, it could still be rather complex to have to document all details, especially when they need to be studied later. With employee attrition, growing transactions and larger goals for the company, there will be the need for an Ecommerce structure within your organization.

There are several areas where you will find Ecommerce applications. However, before you finally close in on the software that you are looking to use, you must first understand the nature and functioning of your own company, and determine how relevant the software would be to you. You should also see how users friendly it is, and whether your employees would be able to understand and use it optimally. The Ecommerce plan must come approved, and must be recommended by people, so you know that it goes beyond just sounding fancy. It is also important to know whether your Ecommerce package will come with periodic updates and renewals.

Once you have your Ecommerce software, you will actually be able to put it to use in various parts of the company. Every Ecommerce application must contain all necessary information, so that to any user it might be able to show you the standing of the company at any given point. It is important that every employee be trained and guided on its usage. It is critical to mandate updating and keeping all records checked.

Among the various parts where Ecommerce can be used, you will find that it is easy to ascertain inventories and stocks at any time. Inflow and outflow of products and material can be gauged easily with Ecommerce applications. When you have an Ecommerce application, you will be able to pull out records on any or all clients easily, along with all their information and any specific details that may be required. You will also get an insight into their buying history and patterns, and can assess their worth to your company.

An Ecommerce application will give you a list of all products and prices at a glance. This will make it easy for you to compare them, not just against one another, but also against the prices that were demanded in the past, and the volumes that moved at those prices as well.

An Ecommerce application is a priceless tool which can help you take stock of the company’s performance at present, and compare it with the past as well. It can help you set targets for the coming year, and also give you tips on pricing strategy. This is your one guide to running the show.

The History of the Internet and Ecommerce

The History of Internet and Ecommerce is very interesting and considered very important. 20th century is very important in the history of the science. Radio and Television are developed and these are the best mode of communication. Televisions and radios are used across the world. After the passage of few years telephone was introduced. Those are very popular and common mode of communication. This type of communication includes two persons only. But after the arrival of the internet technology, the communication life style totally changed. Internet technology allows millions of peoples to communicate with each other. Internet changes the living style of the peoples economically. Every single person gets benefit from the internet facility.

All old technologies are limited but the internet technology is a vast network and has grown very fast. A vital impact of the internet is on social, cultural, on military and overall business of the world. Internet introduces electronic business called Ecommerce. Ecommerce introduces the online business system. It is a very simple and the easiest way to run business. Now there is no need to meet with buyers and sellers. Just visit website the order any thing which you want. A bog effort is behind the History of the Internet and Ecommerce.

Internet started with Sputnik Satellite by the Soviet Union in 1957. The Advance Research Project Agency was creating the technology that was helpful for military. This should be protecting the security of the country. It is called DARPA (Defense Advance Research Projects Agency). The objective of the US DARPA is to develop the communication protocols. The entire computer connected with a network called interconnected project and share the information. The protocol which was developed is called Transmission Control Protocols and Internet Protocols. The real internet is known as ARPAVET introduces in 1968 but practically use in 1970. It was a very early stage of the internet. In 1986, the United State develops the National Science Foundation (NSF) which provides the better communication for the internet. After this US introduces The National Aeronautics and Space Administration (NASA).

The History of the Internet and Ecommerce are connected with each other. Ecommerce is the best service for those who want to work at home. The history of ecommerce is comes from Electronic Data Transfer (EDT) and Electronic Funds Transfer (EFT). It is the only mode of electronic transaction in 1970s. After the development of online market, the websites were developed and for shopping and other purposes credit cards and ATMs services was introduces. It is a big change of the History of Internet and Ecommerce. Goods are bought or sold through electronically and now it is a very simple and easy mode of trading.

After 1990s is the period of hosting the first static web page. This website is connected to individuals, government, and the other organizations with each other. After 2000, the websites is specially designed for ecommerce and for this purpose the demand of the computer software is rapidly increase. This was also change the history of ecommerce and internet. The demand of the music, games, software were increase, and the people buy or download these things. A financial industry was developed and the online market is change into global market. Mostly peoples working from home and doing different types of jobs. It also built the awareness in peoples about the product and their prices of different areas. Now, online trading, investment and many more is very simple and easy.

Key Milestones in the History of Ecommerce

The history of e commerce is nothing else but captivating. It is true that e commerce has come a long way and is unthinkable without the internet and the search engines. No wonder history of e commerce has gone through an interesting metamorphosis, from an unheard of entity in the ’70s’ to the booming multibillion-dollar enterprise it is today. It has come well in handy especially in assisting today’s tech savvy businessman/woman who wants to work from the comfort of home. The term ‘e commerce’ is coined from Electronic Data Transfer (EDT) and Electronic Funds Transfer (EFT), the then only forms of electronic transactions in the 1970s.

In 1982 and throughout the 1980s, several online market places were started. Websites were designed and hosted and there was an increased proliferation of credit cards, ATMs, and telephone banking services. All these marked a major milestone in the evolution of the history of e commerce. Used computer parts were advertised and sold through e commerce from places as far as the Boston computer exchange market, to other parts of the world.

Come the mid-nineties and this marked a key point in the history of e commerce as the technology exploded. This period saw the designing and hosting of the first static web page. This was a website that linked individuals, organizations, and even governments to the global online market that the economic world had started to evolve into. This was the turning point of the history of e commerce where, in hindsight, electronic transactions went past the point of no return since then. E commerce was giving other manual and cumbersome marketing initiatives a wide berth and they had no choice other than to bow out. With the turning of the millennium in early 200, simplistic e commerce websites were designed by the then major computer software manufacturers.

This, by far, eased the sale of their software, music and videos could be uploaded and downloaded by anyone who met the subscription criteria. The financial industry analysts called it the economical boom of all time. Internet use exploded and the world was turned into one global e-market. Services and products sales grew by the hour. People in developed countries quit going to work daily and started working from home. Since e commerce minted money by the hour, affluent households increased and thus increased the demand for expensive products and services to cater for the whims of the affluent.

Within duration of one year (2000-2001) sales from e commerce soared with the developed countries in the lead, from a paltry figure of tens of billions to over seven hundred billion US dollars worth of total sales from e commerce recorded. The net worth of the affluent households rose, jobs were created, and the whole global economy improved. Almost ten years later (2000-2009), e commerce is today virtually indispensable. Services and products have to be promoted through e commerce.

The health of the world economic giants and the economical pathfinders heavily rests on e commerce. Companies continue to post profit returns that are beyond any CEO’s wildest dreams. E commerce sales have continued to grow and today, they account for close to 5% of total sales, globally and this figure seems to be rising almost by the hour. Thanks to the history of e commerce, it is now the stress-free electronic transaction choice of all time and the global economy heavily depends on e commerce that is only a click of a button away and so user and consumer friendly.